India: Reliance Reports Highest Ever Nine Months Revenue, PBDIT and Net Profit

Reliance Industries Limited (RIL) today reported its financial performance for the quarter / nine months ended 31st December, 2010.

Highlights of Nine Months Performance

* Turnover increased by 30.9% to ` 183,368 crore (US$ 41.0 billion)

Exports increased by 29.2% to ` 100,995 crore (US$ 22.6 billion)

*PBDIT increased by 30.6% and achieved a record level of ` 30,418 crore (US$ 6.8 billion)

*Profit Before Tax increased by 26.2% to ` 18,565 crore (US$ 4.2 billion)

*Cash Profit increased by 31.8% to ` 25,731 crore (US$ 5.8 billion)

*Net Profit increased by 29.4% to ` 14,910 crore (US$ 3.3 billion)

Commenting on the results, Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited said:

“Reliance had another record quarter as both refining and petrochemical margins continued to improve and for certain products recorded historic levels. Robust demand growth in home markets and highly competitive assets enabled Reliance to have industry leading operating rates and margins.”

Source: RIL, January  21, 2011

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